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Exmo Exchange | Exmo Review | Exmo Future plans

With the rise in the cryptocurrency markets, multiple exchange platforms have entered the market. Each of them offers a distinct combination of fees, trading, geographical characteristics, and user interfaces.

Overview

Legal Name Exmo Exchange
Headquarters London, UK
CEO Sergey Zhdanov
Year Founded 2013
Exchange Type Centralized
Trading Fees Maker: 0.40%/ Taker: 0.40%
Deposit Methods Wire Transfer, Credit Card and Cryptocurrency
Supported Cryptos 50+ supported cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and more
Fiat US Dollar (USD), Euro (EUR), Polish Zloty (PLN) and more
Customer Service Email
Trading Options Spot Trading

With the rise in the cryptocurrency markets, multiple exchange platforms have entered the market. Each of them offers a distinct combination of fees, trading, geographical characteristics, and user interfaces.

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Exmo is a cryptocurrency exchange that enables users to transfer several cryptocurrencies. You can deposit funds into your account using a variety of payment mechanisms, and the platform includes support for five fiat currencies

Trade 180+ trading pairs, and 7 fiat currencies on one of the leading exchanges in the Commonwealth of Independent States (CIS) – EXMO.

In this article, we will provide you with the complete guide on the Exmo exchange and look into its aspects such as its features, fees, pros and cons and much more. Let us look into detail in this Exmo exchange review now,

What is Exmo?

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Exmo is a UK-based cryptocurrency exchange that was established in the year 2013. It has its team members and customers around the world. The Exmo Trading Platform can be used by people in more than 200 countries around the world.

It is a popular trading destination for the purchase and selling of cryptocurrencies. Exmo receives money and coins from customers, after which they are able to exchange with each other using the money they have accumulated in their wallets.

Exmo Features

  1. Exmo Interface: Exmo has a very basic but powerful interface, making it very open to first-time users. It is divided into four major groups, namely: Trade, Trade New, Exchange and News.
  2. Exmo OTC Services: The platform offers an Over The Counter (OTC) trading service where transactions are made by a competent broker. In order to apply for this service, sales must be greater than $100k, making it an especially exclusive service.
  3.  Exmo Wallet: As an Exmo customer, you will have access to a web-based wallet where you can store your coins easily.
  4.  Security: Exmo is supported by SSL and presents its users with the excellent methods of securing their cryptocurrency holdings:
  5. Customer Support: There is an online chat facility. Also there is a customer support email address which can be reached at [email protected]

Exmo Fees and Limits

Exmo Exchange does not charge separate rates for takers and makers. They have got a flat rate model of 0.40 %. Exmo charges a withdrawal fee of 0.0004 BTC as you withdraw BTC. This is below the average for the global sector.

Exmo Supported Currencies

Exmo supports multiple cryptocurrencies. Some of the major ones include:

  • Bitcoin (BTC)
  • Litecoin (LTC)
  • Dogecoin (DOGE)
  • Dash (DASH)
  • Ethereum (ETH)
  • Waves (WAVES)
  • Zcash (ZEC)
  • Tether (USDT)
  • Monero (XMR)
  • Ripple (XRP)
  • KickCoin (KICK)
  • Ethereum Classic (ETC)
  • Bitcoin Cash (BCH) 

Exmo exchange supports the following fiat currencies:

  • US dollars (USD)
  • Euros (EUR)
  • Ukrainian hryvnias (UAH)
  • Russian rubles (RUB)
  • Polish Zloty (PLN)

Exmo Payment Methods

Exmo supports multiple payment methods for its members which can be listed as below:

  • Cryptocurrency
  • VISA/MasterCard
  • Wire Transfer
  • Enfins
  • Perfect Money
  • Payeer
  • Rapid Transfer
  • SEPA
  • AdvCash
  • WebMoney
  • Qiwi

Exmo Mobile App

After a period of beta tests, the Exmo mobile application is available for download on Android devices. You can use a range of features with the app on the go.

How to register on Exmo?

  1. Step 1:

    Navigate to the Official Website and select the ‘Sign up’ button at the top right of the screen.

  2. Step 2:

    Enter your username, email address, and select a secure password.

  3. Step 3:

    Then complete the captcha and agree to the terms. Then select the “Register” button

  4. Step 4:

    Now, you will get a confirmation email from the EXMO team.

  5. Step 5:

    To activate your account, click the link on that email.

    register-on-Exmoregister-on-Exmo

How to recover the Exmo password?

Click the “Forgot password?” Option on the login page. Then input your Email address or phone number. Please check in your mailbox/phone for the email verification code. Click “Submit” after filling in the verification code you received. Now you can set a new login password.

How to deposit on Exmo?

How to withdraw on Exmo?

  1. Step 1:

    Log in to your EXMO account.

  2. Step 2:

    Click the ‘Finance’ icon located on the top of the page.

  3. Step 3:

    Select the cryptocurrency you wish to withdraw and click the corresponding ‘Withdraw’ button.

  4. Step 4:

    Enter the withdrawal amount, the correct wallet address and click the ‘Withdraw’ button.

  5. Step 5:

    You should receive the coins in your wallet instantly. However it can take up to an hour depending on the amount of the transaction.
    withdraw-on-Exmo

    withdraw-on-Exmo
    withdraw-on-Exmowithdraw-on-Exmo

How to buy cryptocurrencies on Exmo?

  1. Step 1:

    Log in to your EXMO account and click ‘Buy’ option located at the top left of the page.

  2. Step 2:

    We will consider the example of Ethereum and the fiat currency is Euro.

  3. Step 3:

    Click the ‘EUR’ on the top right of the page. Then, click the trading pair ETH/EUR.

  4. Step 4:

    Below the trading graph, you will find two types of order: Limit order and Instant order. In this example, the Instant order is selected.

  5. Step 5:

    Enter either the amount of EUR you would like to spend or simply enter the number of ETH you would like to buy and click the ‘Buy ETH’ button.

How to sell cryptocurrencies on Exmo?

  1. Step 1:

    Log in to your EXMO account and click ‘Sell’ option located at the top left of the page.

  2. Step 2:

    We will consider the example of Ethereum and the fiat currency is Euro.

  3. Step 3:

    Click the ‘EUR’ on the top right of the page. Then, click the trading pair ETH/EUR.

  4. Step 4:

    Below the trading graph, you will find two types of order: Limit order and Instant order. In this example, the Instant order is selected.

  5. Step 5:

    Enter the number of ETH you would like to sell and click the “Sell ETH’ button.

Exmo Pros and Cons

Pros

  • 24/7 Customer service
  • Variety of payment options available
  • Access to a number of major cryptos
  • Multi Language Support
  • Flat and low 0.2% trading fees

Cons

  • Does not support Margin trading
  • US Clients are not approved.
  • Supports a limited number of cryptos.
  • Transfer limits on the platform

Conclusion

Exmo offers a convenient and easy way to swap cryptocurrencies with each other. Supporting about 200,000 customers a day, Exmo is ranked in the top 10 currency exchanges in the world.

Thus Exmo is an excellent cryptocurrency exchange for beginners who enjoy the elegant nature of the interface. It is also good to have so many payment choices that encourage more users from more places to be able to access it.

Exmo FAQs

  1. How does Exmo work?

    Exmo receives funds and tokens from customers, after which they are able to carry out trading activities using the funds they have deposited in their wallets.

  2. Does Exmo have a demo mode?

    Exmo does not currently have a demo mode. It is recommended to begin by trading in small amounts to minimize potential losses.

  3. What is the processing time for withdrawals at Exmo?

    Withdrawals depend on the payment method used. Some methods take days to complete, while there are some which take hours.

  4. Is Exmo a regulated exchange?

    No, Exmo is not a regulated cryptocurrency exchange.

  5. Is it safe to use Exmo?

    Exmo is generally safe to use as it focuses strictly on the reliability and security of its users’ funds and personal data.

Exmo Ratings  

Reviewed By Qadir Ak

Summary

Exmo is a UK-based cryptocurrency exchange that was established in the year 2013. It has its team members and customers around the world.

Summary

Reviewer

Qadir AK

Review Date

2020-10-07

Reviewed Item

Exmo Exchange

Author Rating

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Daily Financial News

What is the best crypto wallet ?

What is the best crypto wallet_ a hardware wallet, a software wallet, or a mobile wallet_

What is the best crypto wallet: a hardware wallet, a software wallet, or a mobile wallet?

In the early stages of learning how to use Bitcoin, the security question arises: how to ensure your coins remain in your possession? Only by generating and storing keys in a way that can be verified can you be certain. It is impossible to be sure no one else has a copy of your keys unless you know they were created properly and stored offline.

Hardware wallets create your keys offline using a random number generator, so they cannot be logged. Additionally, the keys are kept permanently offline, so they cannot be accidentally shared on a network.

In software wallets and mobile wallets, random number generators are often built into the device the wallet is installed on. Since they use inputs like the current time to calculate randomness, they are difficult to verify and generally not secure. Even if your device generates randomness in a secure manner, host the resulting keys on a networked device, and an attacker can extract, view, or intercept them at any time.

It is transparent to verify that open-source hardware wallets create and store randomness securely, and that your keys are kept offline while being protected from threats like phishing. It is different in the case of open-source Bitcoin wallet though.

In addition to protecting against other vulnerabilities, hardware wallets resolve new attacks both progressively and reactively among security researchers. Supporting bug bounty programs ensures that all types of security issues are regularly checked.

What is the best crypto wallet_ a hardware wallet, a software wallet, or a mobile wallet_

What is the best crypto wallet_ a hardware wallet, a software wallet, or a mobile wallet_

Stay more secure everywhere

Hardware wallets have set a new standard for universal cybersecurity, as we discussed above. According to speculators, the future of the internet – dubbed Web3 – will rely on cryptographically secure keys backed up physically. In the cryptosphere, as well as in everyday business, e-commerce, and social media, hardware wallets are essential.

Your assets and identity are both protected offline when you use a hardware wallet for authentication, so there is no counterparty risk.

As a result of forgetting passwords and changing authenticator devices, security has long relied on third parties. Using the open recovery seed standard, users can backup their accounts safely without relying on a third party and recover accounts from any compatible device. Using Shamir backup, the recovery seed is split into multiple equal parts for stronger security.

Keeping in mind that not just crypto can be targeted is important. Similarly, your data can be leaked, resulting in phishing attacks, hostage situations, or compromised devices arriving by mail.

It has become easier and more affordable for everyone to have verifiable security thanks to hardware wallets.

The base layer of crypto security is hardware wallets

By bridging the digital and physical worlds, hardware wallets create digital keys offline and keep them safe. Crypto assets can be controlled with the keys in many ways, such as two-factor authentication, digital signatures, or two-factor authentication.

With open standards, you can ensure the same level of security across any app you use. As a result, dozens of hardware wallet manufacturers have appeared around the world, accelerating the adoption of crypto security and ensuring standards are maintained to ensure your coins remain yours regardless of wallet.

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Industry News

School4Trading Review – How to Spot Possible Forex Broker Fraud

School4trading Review

School4Trading Review – How to Spot Possible Forex Broker Fraud

In this School4trading Review, we will look at the features of the software, as well as the customer support. First, let us look at the interface. The design is simple and easy to navigate. It also provides a chatbot, which helps you to communicate with the broker. The customer service is warm and inviting, which is a hallmark of a good broker. In contrast, a fraudulent broker will use cold and impersonal customer support to lure people in.

Another problem with the system is that the login process is not always intuitive. You may have to retype your password several times to get in. Then, you may experience difficulties withdrawing your funds or accessing your account. In such cases, you might have to wait for days or even weeks before you can withdraw the money you’ve invested. This is not a good sign. It’s better to choose a different trading platform altogether.

If you’re having trouble logging in, you should also check the legitimacy of the broker. Whether the broker is licensed by a reliable regulatory body or closed down, you’ll want to be sure it’s legitimate. If the broker isn’t licensed by the right body, don’t trust him. You shouldn’t waste your time with an inexperienced company. This will only cause you problems in the long run.

The next factor that should be checked is the licensing. A legitimate broker will have a license from a high regulatory body. However, a broker without a license will be unreliable. Moreover, a reliable regulator will take away the license of a scam broker. As a result, a trustworthy School4Broker/Profittrade review should mention fees, account rules, and contract terms. A scam broker will be unable to operate legally.

Secondly, look for warning signs. The broker should be licensed and regulated by a reliable regulatory body. It should be regulated by a high level. If it doesn’t, it’s a scam. Lastly, it should have a website that lets you easily access your account. Moreover, you should not hesitate to check the contact information. If you find any information that seems suspicious, you should reconsider using the broker.

In summary, Forex trading isn’t easy, but it doesn’t have to be complicated. It’s not as difficult as it seems if you’ve heard about the program. You’ll learn everything about the basics and how to become a professional. But if you’re still unsure about whether this program is right for you, don’t hesitate to contact a school4trading’s website.

The most important thing to remember when it comes to Forex trading is that it’s not easy. While it’s important to have a strong background in trading, there are a number of factors that can affect your success. Having a proper plan is vital in the long run, because you will be trading with real money. And, the platform should be reliable. Otherwise, you’ll end up losing a lot of money.

As we’ve mentioned, Forex is not easy. Investing isn’t something you can do in the comfort of your own home. You need a proven system. There are no free trials, so you’ll have to find a way to do it yourself. This isn’t a scam, and it’s a great way to make money without any help. A Forex system can help you learn the intricacies of the market.

Although the process of learning Forex isn’t an easy one, it’s certainly not impossible. Fortunately, there are many people who are willing to take the time to learn how to trade. But, even the most experienced trader needs to be aware of the risks of the market. While Forex trading isn’t easy, it can be done with the right knowledge. The software’s user-friendly interface is key.

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Daily Financial News

Don’t Count On JPY Correction; Staying Long GBP/JPY

The path of the potential pace of the JPY decline may still be underestimated by markets, which continue trading the JPY long.

While the 10% USDJPY advance from September lows looks impressive from a momentum point of view, it may no thave been driven by Japan’s institutional investors reducing their hedging ratios or Japan’s household sector reestablishing carry trades.

Instead, investors seemed to have been caught on the wrong foot, concerned about a sudden decline of risk appetite or the incoming US administration being focused on trade issues and not on spending. Spending requires funding and indeed the President-elect Trump’s team appears to be focused on funding. Here are a few examples: Reducing corporate taxation may pave the way for US corporates repatriating some of their USD2.6trn accumulated foreign profits. Cutting bank regulation could increase the risk-absorbing capacity within bank balance sheets. Hence, funding conditions – including for the sovereign – might generally ease. De-regulating the oil sector would help the trade balance, slowing the anticipated increase in the US current account deficit. The US current account deficit presently runs at 2.6% of GDP, which is below worrisome levels. Should the incoming government push for early trade restrictions, reaction (including Asian sovereigns reducing their holdings) could increase US funding costs, which runs against the interest of the Trump team.

Instead of counting on risk aversion to stop the JPY depreciation, we expect nominal yield differentials and the Fed moderately hiking rates to unleash capital outflows from Japan.The yield differential argumenthas become more compelling with the BoJ turning into yield curve managers. Via this policy move, rising inflation rates push JPY real rates and yields lower, which will weaken the JPY. Exhibit 12 shows how much Japan’s labor market conditions have tightened. A minor surge in corporate profitability may now be sufficient, pushing Japan wages up and implicity real yields lower.

JPY dynamics are diametrical to last year . Last year, the JGB’s “exhausted”yield curve left the BoJ without a tool to push real yields low enough to adequately address the weakened nominal GDP outlook. JPY remained artificially high at a time when the US opted for sharply lower real yields. USDJPY had to decline, triggering JPY bullish secondround effects via JPY-based financial institutions increasing their FX hedge ratios and Japan’s retail sector cutting its carry trade exposures. Now the opposite seems to be happening. The managed JGB curve suggests rising inflation expectations are driving Japan’s real yield lower. The Fed reluctantly hiking rates may keep risk appetite supported but increase USD hedging costs.Financial institutions reducinghedge ratios and Japan’s household sector piling back into the carry trade could provide secondround JPY weakening effects

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